fomo vs Moonshot (2026): Which Mobile Trading App Is Actually Cheaper?

On price, fomo comes out cheaper at every trade size we worked out, using each app's own published fee terms: fomo's from help.fomo.family and Moonshot's from support.moonshot.com, both checked 2026-08-20. A $10 trade on Solana is $0.20 through fomo against $0.99 through Moonshot. At $500 it is $2.50 against $5.00.

The part that gets less attention is what both apps charge at the bottom end. fomo prices Solana in four bands by order size rather than at one rate, so $10 in means 2% gone before the trade does anything, four times the 0.50% headline. Moonshot's floor is blunter: a roughly $0.99 minimum that makes the same $10 trade cost close to 10%.

At 190 USDC fomo's percentage rate takes over and the gap against Moonshot widens, because Moonshot's better published tier is still 1%.

fomo also lists six blockchains against Moonshot's two, plus a social feed and access to perpetual futures. Moonshot's case is a simpler app with bank transfer funding. On price, using both apps' own numbers as published on those dates, fomo wins.

fomo and Moonshot solve the same problem the same way: buy crypto from your phone with a card or Apple Pay, no exchange account required. They get compared constantly because they're each other's closest competitor on that exact pitch.

Here's what differs, with the fee numbers pulled from each app's published terms.

Source: fomo, official product image

What does fomo charge against Moonshot?

Sources: fomo fees and referral terms from help.fomo.family; Moonshot fees from support.moonshot.com; fomo's sixth chain, Robinhood Chain, from fomo's own announcement dated 2026-07-09. Both fee pages were checked 2026-08-20. The chain and feature rows were read earlier and have not moved since: fomo's 2026-08-14, Moonshot's 2026-08-08. Where a cell says we found nothing, that means nothing in the pages we read, not that the feature doesn't exist.

We take neither app's marketing figure at face value, and how we source these figures sets out the rule we apply when an app's terms and its help center disagree, which on fomo's fees they do.

At what trade size does fomo become cheaper than Moonshot?

fomo's headline fee (0.50%) looks worse than Moonshot's only if you ignore both minimums. Run the math on the published rates:

Every dollar figure in the table above is our own arithmetic over each company's published rate, not a number either company quotes. How we source figures sets out the rule we apply, including what we do when an app's own documents disagree.

Our calculations, from the published rates in the table above: help.fomo.family and support.moonshot.com, both checked 2026-08-20. fomo writes each flat band as "no more than" the amount shown, so the fomo column prices the worst documented case at each size.

Neither app charged us these amounts in a test, and neither figure includes anything your card issuer may add.

One caveat on the fomo column, and it is about freshness rather than accuracy. This is the third Solana schedule fomo has published this month: a $0.95 minimum below 200 USDC on 8 August, a minimum of no more than 0.50 USDC below 100 USDC on 14 August, and the bands above on 20 August. Its Terms of Use used to state a fourth figure again, and were rewritten on 17 August to state none at all outside perps, so the help center is now the only place fomo publishes a schedule.

Moonshot's page has not moved across the same period. A comparison of two published schedules is only as current as its most recently changed side, and on this one that is fomo's. fomo Fees Explained tracks the whole history.

The pattern in both columns is the same at the bottom: what you actually pay on a small trade has little to do with the headline rate.

At 190 USDC fomo's percentage fee takes over from its last flat band at exactly the same 0.95, so its effective rate stops falling there, while Moonshot's better published tier stays at 1%.

Where fomo comes out ahead

The social feed. Seeing what traders you follow are buying is the reason most people compare these two apps at all. We found nothing equivalent in Moonshot's published material when we read it on 2026-08-08. The profit ranking that feeds it is fomo's real differentiator, and how that leaderboard works is worth reading before you weigh it as an advantage.

More chains. Six against two on each app's published list, fomo's read 2026-08-14 and Moonshot's read 2026-08-08. If you want BNB Chain, Monad, Ethereum, or Robinhood Chain tokens from the same app, fomo's list covers them and Moonshot's doesn't.

Cheaper at every size we priced. At the sizes in the table above, using fomo's rates and Moonshot's, both read 2026-08-20, fomo costs less at $10 and it costs half as much at $500, where its 0.50% rate meets Moonshot's 1% tier. That holds while both schedules stay as published.

A documented referral discount. fomo's help center, read 2026-08-14, documents a 10% cut in trading fees for referred users, taking 0.50% to 0.45%, with the code enterable only at signup. We found no equivalent published on Moonshot's side.

Where Moonshot comes out ahead

Bank transfer funding. Moonshot's published funding options, read 2026-08-08, include a bank transfer alongside card and Apple Pay. fomo's published options are card, Apple Pay, and a crypto transfer. If you would rather not put trades on a card, that difference matters more than a few basis points.

A simpler app. No feed, no follow mechanic, just buy and sell. If you don't want a social layer in a trading app, there's less to ignore.

One published rate, no threshold to remember. Moonshot's schedule is two percentage tiers and a minimum. fomo's help center and fomo's Terms of Use currently describe its minimum fee differently from each other, as the table above notes, so working out what a small fomo trade costs means deciding which fomo document to believe.

The bigger picture: neither is the cheap option

Both apps charge a real premium against venues built for active traders, and that premium buys the phone app and the Apple Pay onboarding.

For scale, fomo's own help center puts the Hyperliquid taker fee its perps route to at roughly 0.045%, an order of magnitude below either app's spot rate, though a perp on a dedicated venue is a different product with different risks.

Desktop trading terminals sit somewhere in between, and their tiers move often enough that we won't quote one here without a fresh check.

If you want the wider field on one page, what a trade actually costs puts fomo, Moonshot, Phantom and the router underneath them through the same four trade sizes, and our full fee breakdown covers fomo's own schedule in depth.

Also see: fomo Fees Explained for the complete schedule, and our sister site HyperliquidGuide for what fomo's perps cost once you go past the builder fee.